3M (NYSE:MMM) Given New $191.00 Price Target at JPMorgan Chase & Co.

3M (NYSE:MMM) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from $185.00 to $191.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the conglomerate’s stock. JPMorgan Chase & Co.’s price target points to a potential upside of 12.05% from the stock’s current price.

A number of other analysts have also recently weighed in on MMM. Wells Fargo & Company began coverage on shares of 3M in a report on Thursday, September 24th. They issued an “equal weight” rating and a $195.00 price objective on the stock. Raymond James Financial reissued a “market perform” rating on shares of 3M in a research note on Wednesday. Wolfe Research reissued an “outperform” rating on shares of 3M in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of 3M in a research report on Wednesday. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of 3M in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $183.14.

3M Stock Performance

Shares of MMM traded down $0.92 during mid-day trading on Wednesday, hitting $170.45. The stock had a trading volume of 915,799 shares, compared to its average volume of 3,673,284. 3M has a fifty-two week low of $139.34 and a fifty-two week high of $184.90. The company has a quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 3.63. The company has a market cap of $87.91 billion, a PE ratio of 30.27, a PEG ratio of 2.27 and a beta of 0.99. The company’s fifty day simple moving average is $169.35 and its two-hundred day simple moving average is $161.70.

3M (NYSE:MMM) last posted its quarterly earnings results on Tuesday, October 20th. The conglomerate reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.12. The business had revenue of $6.60 billion for the quarter, compared to analyst estimates of $6.61 billion. 3M had a return on equity of 115.87% and a net margin of 11.90%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.19 EPS. On average, equities analysts expect that 3M will post 8.96 earnings per share for the current year.

Insider Activity

In other news, insider Karin Chavez sold 3,635 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $182.51, for a total value of $663,423.85. Following the completion of the transaction, the insider owned 14,035 shares of the company’s stock, valued at approximately $2,561,527.85. This represents a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On 3M

Several large investors have recently made changes to their positions in MMM. Sowell Financial Services LLC increased its stake in 3M by 1.1% during the third quarter. Sowell Financial Services LLC now owns 41,434 shares of the conglomerate’s stock valued at $6,801,000 after acquiring an additional 444 shares during the period. Capstone Capital Management Ltd raised its holdings in 3M by 22.3% in the 3rd quarter. Capstone Capital Management Ltd now owns 5,938 shares of the conglomerate’s stock valued at $975,000 after acquiring an additional 1,081 shares in the last quarter. Newman Dignan & Sheerar Inc. lifted its position in shares of 3M by 66.5% in the 3rd quarter. Newman Dignan & Sheerar Inc. now owns 3,888 shares of the conglomerate’s stock worth $638,000 after acquiring an additional 1,553 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of 3M by 1.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 148,283 shares of the conglomerate’s stock worth $24,341,000 after acquiring an additional 1,965 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of 3M by 58.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 76,200 shares of the conglomerate’s stock worth $12,508,000 after purchasing an additional 28,124 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

Key Headlines Impacting 3M

Here are the key news stories impacting 3M this week:

• Positive Sentiment: Quarterly earnings beat expectations. 3M reported adjusted EPS of $2.50, up 12% year over year and above the $2.38 consensus estimate. GAAP EPS was $2.63, while revenue reached approximately $6.6 billion. Adjusted operating margin expanded to 26.2%, supported by productivity improvements and industrial-market strength. 3M Reports Third-Quarter 2026 Results; Raises Full-Year EPS Guidance
• Positive Sentiment: Full-year outlook increased. Management raised its 2026 adjusted EPS forecast to $9.10-$9.15, marking the third consecutive quarterly guidance increase and reinforcing the turnaround narrative. 3M raises 2026 earnings guidance after quarterly profit growth
• Positive Sentiment: Amazon partnership strengthens data-center exposure. Amazon expanded its commercial relationship with 3M, including warrants potentially worth about $521 million tied largely to purchases of optical-connectivity and other data-center products. The agreement gives 3M greater exposure to artificial-intelligence infrastructure spending and is linked to as much as $6 billion in data-center sales. 3M expands Amazon data center partnership, shares gain
• Positive Sentiment: New-product momentum is another potential catalyst. Sales of new products reportedly rose 34% year to date to nearly $3 billion, while 3M also announced a collaboration with Taiwan-based Genius Electronic Optical Co. to advance optical manufacturing. 3M: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Unusually heavy options activity included 24,152 call contracts, about 159% above average, indicating increased speculative interest but not guaranteeing further gains.
• Negative Sentiment: Royal Bank of Canada raised its price target from $132 to $135 but maintained an Underperform rating. The revised target remains materially below MMM’s current trading level, signaling valuation concerns despite the improved outlook.

3M Company Profile

3M is a diversified technology and manufacturing company headquartered in St. Paul, Minnesota. Founded in 1902 as Minnesota Mining and Manufacturing Company, it developed from a mining venture into a global enterprise known for applying materials science and engineering to a broad range of industrial, commercial and consumer applications.

The company develops and manufactures products including adhesives, abrasives, filtration systems, personal protective equipment, medical and dental supplies, electrical and electronic materials, automotive components, reflective materials and workplace safety solutions.